In an effort to have enough money to finance his
Chapter 4, Problem 4.27(choose chapter or problem)
In an effort to have enough money to finance his passionfor top-level off-road racing, a mechanical engineeringgraduate decided to sell some of his toys." Attime t = 0, he sold his chopper motorcycle for $18,000.Six months later, he sold his Baja pre-runner SUV for$26,000. At the end of year 1, he got $42,000 for hispro-light race truck. If he invested all of the money ina high-risk commodity hedge fund that earned 24%per year, compounded semiannually, how much didhe have in the account at the end of 2 years?
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